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How to handle fees like credit card fees payment when processing payment to the vendor

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Posted on by Imari

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Hi.

How do we post the payment for a vendor invoice with a credit card fee to be added? The invoice is already a posted purchase invoice but payment has not yet been posted.

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Business Central

Business Central

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KasparsSemjonovs 3,926 Super User 2024 Season 2 on at

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How to handle fees like credit card fees payment when processing payment to the vendor

Usually in such cases just the Invoice amount of payment is created, exported to the bank and posted.
After that You import Bank Statement where these additional fees will be seen, and those are registered separately to the GL account for Bank commisions.

If you don't import the bank statements, then ZHU's suggested way can be used.
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YUN ZHU 73,647 Super User 2024 Season 2 on at

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How to handle fees like credit card fees payment when processing payment to the vendor

Just a thought, sorry I'm not a professional accountant.

First, the payment amount needs to be equal to the invoice amount, otherwise the balance may not be 0 when applying.

As for the credit card fee, you can post it directly to an GL account.

Hope this helps.

Thanks.

ZHU

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